During his Friday in North Carolina speech, U.S. President Donald Trump stated that lowering oil prices by OPEC could lead to ...

By K Raveendran OPEC+ is once again at the centre of a global energy crisis as it grapples with a new challenge posed by ...

Oil Politics and International Order.” In 2021, OPEC estimated that 80% of the world’s proven crude oil reserves were located in member countries, which thus stand to benefit from higher prices.

OPEC, or the Organization of the Petroleum Exporting Countries, serves as an organizing body of the world's largest producers of oil. Its purpose, per its website, is to "coordinate and unify the ...

The new tariffs imposed by U.S. President Donald Trump on imports from Canada, Mexico, and China are likely to have a limited ...

US President Donald Trump has raised the stakes for a meeting of an OPEC+ ministerial panel next month, with his call for the group to lower oil prices. Just days into his second term, Trump told ...

"We want to see OPEC cut the price of oil, and that will automatically stop the tragedy that's taking place in Ukraine," the US President noted WASHINGTON, January 24. /TASS/. The oil price ...

(Photo by Getty Images/Bob Riha, Jr.) As the 50 th anniversary of the first major oil crisis ... political decisions were responsible, not the physics or economics of the resource. This was in ...

Mohammed Barkindo, Secretary General of the Organization of Petroleum Exporting Countries (OPEC), expressed hope that the situation around Ukraine will be resolved and will not affect the oil market.

Trump — a fierce critic of the cartel for decades before his political career ... when crashing oil prices during the Covid-19 crisis threatened to crush the American petroleum industry. Trump, the ...